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Global app revenue hit $19.5 bn in Q1 2019: Report
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Top Stories |
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IANS | 13 Apr, 2019
People across the globe spent $19.5 billion on the Apple App Store and
Google Play in the first quarter of 2019, according to a new report from
Sensor Tower, a mobile app intelligence firm.
This represented a
16.9 per cent year-over-year increase. In the first quarter of 2018,
the stores saw $16.7 billion combined gross consumer spend on in-app
purchases, subscriptions and premium apps, said the report.
According to the analysis, dating app Tinder beat streaming service Netflix to claim the top revenue spot for the quarter.
"Apple's
App Store accounted for around 64 per cent of revenue generated by the
two stores last quarter, with consumer spending on the platform
totalling $12.4 billion globally," Randy Nelson, Sensor Tower's Head of
Mobile Insights, wrote in a blog post on Friday.
It represented a
15 per cent growth over the year-ago quarter, when spending reached
around $10.8 billion on the App Store. "Google Play revenue grew 20.2
per cent YoY to $7.1 billion, about 57 per cent of the App Store's
total, up from $5.9 billion in the first quarter of 2018," Nelson said.
However,
Google Play accounted for nearly 74 per cent of the 28.1 billion
first-time app installs in Q1 of 2019. The App Store's total installs
reached 7.4 billion in Q1, a 4.7 per cent decline from the same quarter
last year, the analysis showed.
The decline could be attributed
to reduced installs in China due to a government pause on mobile game
certification, Sensor Tower said.
TikTok was the third most
installed app globally during Q1 of 2019 across the App Store and Google
Play, ranking behind only Facebook's WhatsApp and Messenger at No. 1
and No. 2, respectively.
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Customs Exchange Rates |
Currency |
Import |
Export |
US Dollar
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66.20
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64.50 |
UK Pound
|
87.50
|
84.65 |
Euro
|
78.25
|
75.65 |
Japanese
Yen |
58.85 |
56.85 |
As on 13 Aug, 2022 |
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